嘉创地产二零二四/二零二五年年报

Contents 2Corporate Information5Key Information for Shareholders7Financial Highlights9Chairman’s Statement17Corporate Governance Report63Senior Management Profile71Report of the Directors99Environmental, Social and Governance Report152Independent Auditor’s Report162Consolidated Financial Statements260Five-Year Financial Summary262Properties Held by the Group Corporate InformationREGISTERED OFFICECricket Square, Hutchins DrivePO Box 2681Grand CaymanKY1-1111Cayman IslandsHEAD OFFICE AND PRINCIPAL PLACE OF BUSINESSBlock C, 9th FloorSoutheast Industrial Building611–619 Castle Peak RoadTsuen WanNew TerritoriesHong KongWEBSITEwww.krpd.com.hkDIRECTORSExecutive DirectorsMr. HO Man Chung(Chief Executive Officer)Mr. HO Wai Hon, BrianMs. YIU Yuet FungMr. ZHU NianhuaNon-executive DirectorsMr. HO Cheuk Fai(Chairman)Ms. HO Man Yiu(was appointed on 1 October 2024)Independent Non-executive DirectorsMr. CHOI Wai HinMr. HO Lai Hong(resigned on 23 March 2025)Dr. LO Yung Fong(resigned on 1 November 2024)Mr. YAM Chung Shing(was appointed on 1 November 2024)Ms. LEUNG Man Lai, Lily(was appointed on 23 March 2025) KRP DEVELOPMENT HOLDINGS LIMITEDCricket Square, Hutchins DrivePO Box 2681Grand CaymanKY1-1111Cayman Islands611–6199Cwww.krpd.com.hk 108 ANNUAL REPORT 2024/25AUDIT COMMITTEEMr. CHOI Wai Hin(Chairman)Mr. HO Lai Hong(resigned on 23 March 2025)Dr. LO Yung Fong(resigned on 1 November 2024)Mr. YAM Chung Shing(was appointed on 1 November 2024)Ms. LEUNG Man Lai, Lily(was appointed on 23 March 2025)REMUNERATION COMMITTEEDr. LO Yung Fong(Chairman)(resigned on 1 November 2024)Mr. HO Wai Hon, BrianMr. CHOI Wai HinMr. HO Lai Hong(resigned on 23 March 2025)Mr. YAM Chung Shing(Chairman)(was appointed on 1 November 2024)NOMINATION COMMITTEEMr. HO Lai Hong(Chairman)(resigned on 23 March 2025)Mr. HO Wai Hon, BrianMr. CHOI Wai HinDr. LO Yung Fong(resigned on 1 November 2024)Mr. YAM Chung Shing(Chairman)(was appointed on 1 November 2024)Ms. LEUNG Man Lai, Lily(was appointed on 23 March 2025)COMPANY SECRETARYMr. WONG Ho KwanAUDITORKPMGCertified Public AccountantsPublicInterest Entity Auditor registered in accordancewiththe Accounting and Financial Reporting CouncilOrdinance8th Floor Prince’s Building10 Chater RoadCentral, Hong Kong Corporate InformationLEGAL ADVISERBird & Bird6/F, The Annex, Central Plaza18 Harbour RoadHong KongPRINCIPAL BANKERSHang Seng Bank LimitedThe Bank of East Asia, LimitedAgricultural Bank of China LimitedDongguan Rural Commercial Bank Co., LtdPRINCIPAL SHARE REGISTRAR AND TRANSFER OFFICEConyers Trust Company (Cayman) LimitedCricket Square, Hutchins DrivePO Box 2681Grand CaymanKY1-1111Cayman IslandsHONG KONG BRANCH SHARE REGISTRAR ANDTRANSFER OFFICEComputershare Hong Kong Investor Services LimitedRooms 1712–1716, 17th FloorHopewell Centre183 Queen’s Road EastWanchai, Hong Kong KRP DEVELOPMENT HOLDINGS LIMITED18Conyers Trust Company (Cayman) LimitedCricket Square, Hutchins DrivePO Box 2681Grand CaymanKY1-1111Cayman Islands171712–1716 6183 Key Information for ShareholdersLast day to register for the entitlement to attend and voteAs at31 March 202530 June 202510,000,00010,000,0005,053,6485,053,6480.64)323,433,4720.66)333,540,768 ANNUAL REPORT 2024/25MARKET CAPITALISATIONAs at 31 March 2025(Closing Price: HK$0.64)HK$323,433,472As at 30 June 2025(Closing Price: HK$0.66)HK$333,540,768 KRP DEVELOPMENT HOLDINGS LIMITEDKey Information for ShareholdersSTOCK CODEThe Stock Exchange of Hong Kong Limited(the “Stock Exchange”)Main Board2421BOARD LOT2,000 ordinary shares (the “Share(s)”) of KRP DevelopmentHoldings Limited (the “Company”)SHAREHOLDER SERVICESAny matters relating to your shareholding, such as transferof shares, change of name or address, and loss of sharecertificatesshould be addressed in writing to the HongKong branch share registrar of the Company:Computershare Hong Kong Investor Services LimitedRooms 1712–16, 17th FloorHopewell Centre183 Queen’s Road EastWanchai, Hong KongTel: (852) 2862-8628Fax: (852) 2529-6087INVESTOR RELATIONSFor enquiries, please contact:Block C, 9th Floor, Southeast Industrial Building611–619 Castle Peak RoadTsuen Wan, New TerritoriesHong KongTel: (852) 2956 7580Email: ir@krpd.com.hk 24212,000183171712–16(852) 2862-8628(852) 2529-6087611–6199C(852) 2956 7580ir@krpd.com.hk (a)181,683,000226,877,00020,207,00040,069,00050%15,581,0003,457,00019,038,000 ANNUAL REPORT 2024/25PRINCIPAL BUSINESS AND RESULTSFor the year ended 31 March 2025, the Group principallyengaged in:Aboutique residential property developer which mainlyengagedin the development and sales of residentialproper tiesin the developing residential market s inDongguan, Huizhou and Foshan in the PRC.(1)BUSINESS REVIEW(a)For the year ended 31 March 2025, revenue ofthe Group amounted to RMB181,683,000 (for theyearended 31 March 2024:RMB226,877,000),whichdecreased by approximately 20%ascompared to last year. Profit attributable to theequity shareholders of the Company amountedto RMB20,207,000 (for the year ended 31 March2024:RMB4